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In this video, Clint Coons discusses wholesaling in real estate and the use of novation agreements versus assignment of contracts. He explains that wholesalers enter into a purchase and sale agreement with sellers to secure a property under contract. The wholesaler then sells this contract to an investor for a fee, enabling the investor to work with the seller to complete the property purchase. Coons emphasizes the importance of the agreements established between the wholesaler and the seller, as well as between the wholesaler and the investor. He shares his experience in using both types of agreements in the wholesaling process.